Verwandte Artikel zu Essentials of Stochastic Processes (Springer Texts...
Inhaltsangabe
Book by Durrett Richard
Die Inhaltsangabe kann sich auf eine andere Ausgabe dieses Titels beziehen.
Críticas
This book is an introduction to stochastic processes written for undergraduates or beginning grad. students who have had a previous course in probability. Durrett has sketched a 25-page review of probability at the beginning of the book, which includes many examples and some challenging exercises. The rest of the book covers discrete and continuous time Markov chains, Poisson processes, Brownian motion, and some renewal theory, including material on queuing networks, spatial Poisson processes, and a fine chapter on martingales which treats optional sampling and forms a good basis for later study of Brownian motion and applications to option pricing and the Black-Scholes formula. Durrett wants his readers to be able to use stochastic processes to solve problems. He presents numerous examples to motivate and develop skills. Examples are explained in detail, sometimes including more than one solution. After stating a result, he frequently asks "Why is this true?" and then sketches a proof or offers an intuitive answer in order to develop the reader's insight (and to allow application-oriented readers to skip the details of a formal proof). He sometimes postpones or skips rigorous proofs so he can develop and apply the theory more quickly. A reader with applications in mind, especially one already familiar with the theory, will appreciate these features. --Mathematical Reviews
Reseña del editor
Stochastic processes have become important for many fields, including mathematical finance and engineering. Written by one of the worlds leading probabilists, this book presents recent results previously available only in specialized monographs. It features the introduction and use of martingales, which allow readers to do much more with Brownian motion, e.g., applications to option pricing, and integrates queueing theory into the presentation of continuous time Markov chains and renewal theory.
„Über diesen Titel“ kann sich auf eine andere Ausgabe dieses Titels beziehen.
- VerlagSpringer Verlag
- Erscheinungsdatum2001
- ISBN 10 038798836X
- ISBN 13 9780387988368
- EinbandTapa dura
- SpracheEnglisch
- Anzahl der Seiten281
Weitere beliebte Ausgaben desselben Titels
Suchergebnisse für Essentials of Stochastic Processes (Springer Texts...
Beispielbild für diese ISBN
Essentials of Stochastic Processes
Anbieter: ThriftBooks-Atlanta, AUSTELL, GA, USA
Verkäuferbewertung 5 von 5 Sternen
Hardcover. Zustand: Good. No Jacket. Pages can have notes/highlighting. Spine may show signs of wear. ~ ThriftBooks: Read More, Spend Less 1.3. Artikel-Nr. G038798836XI3N00
Anzahl: 1 verfügbar
Beispielbild für diese ISBN
Essentials of Stochastic Processes
Anbieter: ThriftBooks-Atlanta, AUSTELL, GA, USA
Verkäuferbewertung 5 von 5 Sternen
Hardcover. Zustand: Very Good. No Jacket. May have limited writing in cover pages. Pages are unmarked. ~ ThriftBooks: Read More, Spend Less 1.3. Artikel-Nr. G038798836XI4N00
Anzahl: 1 verfügbar